Tag Archives: AIG

On Wednesday, spot gold prices rose 1.27 percent to close at $1358.1 per ounce hitting their highest since August, 2016, as investors sought insurance against possible inflation after U.S. Treasury Secretary Steven Mnuchin welcomed a weaker dollar. U.S. President Donald Trump was due to speak on Friday at the World Economic Forum in Davos, Switzerland.....More>>>

AIG (NYSE:AIG) has recently hosted its Investor Day, whereby the company’s management reaffirmed its commitment to meet or exceed its key financials goals. AIG still targets a ~9% normalized RoE in 2017, and we believe this number looks achievable, thanks to: 1) a 60% commercial P&C underlying loss ratio by YE17; 2) cost savings in excess of $1.4bn; and 3) more than $25bn of capital returns.

Labor pressure and unpredictably high medical and legal expenses weighed heavily on Cheesecake Factory’s second-quarter earnings, prompting the company to cut its forecast and sparking a sell-off of its shares Wednesday.

European regulators warned investors Monday about the risks associated with owning virtual currencies.

Together, the European Securities and Markets Authority, or ESMA, the European Banking Authority, or EBA, and the European Insurance and Occupational Pensions Authority said the lack of regulation and general oversight makes the virtual currency market a dangerous place.

There are several popular misconceptions about the financial condition of Medicare, which virtually all American senior citizens rely on to cover health care expenses in retirement. Many people believe that Medicare is broke, or that there’s virtually no chance that Medicare will still be around by the time they retire. Spoiler alert: Neither of these are true.

There are several popular misconceptions about the financial condition of Medicare, which virtually all American senior citizens rely on to cover health care expenses in retirement. Many people believe that Medicare is broke, or that there’s virtually no chance that Medicare will still be around by the time they retire. Spoiler alert: Neither of these are true.

Even the savviest car shoppers often forget to estimate car insurance costs before buying.

The type of car you drive is one of the key variables car insurance companies plug into their formulas to determine how much to charge you. Depending on the vehicle, the cost of car insurance can vary by hundreds of dollars a year for the same driver.

After more than two decades of helping the world invest better, we are excited to announce a new initiative within The Motley Fool.

The road to wealth is paved with hundreds of small but important personal finance decisions. Many are simple, like spending less than you earn. Others can be more intimidating to solve for. Should you take a 15-year or 30-year mortgage? Use a credit card with....More>>>

ING Groep NV lessened its stake in Suncor Energy (NYSE:SU) (TSE:SU) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,470 shares of the oil and gas producer’s stock after selling 2,035 shares during the period. ING Groep NV’s holdings in Suncor Energy were worth $880,000 as of its most recent SEC filing.....More>>>

Boeing Co. (NYSE: BA) regained its place last week as the top-performing Dow Jones industrial stock for the year to date. The company’s shares added nearly 2.6% during the week to muster a 19.1% gain since the beginning of the year.

The second-best performer among the Dow 30 so far this year is Intel Corp. (NASDAQ: INTC), which is up about 15.9%. That is followed by Nike Inc. (NYSE:....More>>>

Labor Secretary Alexander Acosta said Monday that Labor will not delay the fiduciary rule’s June 9 compliance date while the department seeks public input on the rule as laid out in President Donald Trump’s Feb. 3 memorandum.

Teacher Retirement System of Texas lowered its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,015 shares of the energy company’s stock after selling 10,346 shares during the quarter. Teacher Retirement System of Texas owned....More>>>

Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.

We’ve been following second-quarter earnings results since late May. Now the seasonal pivot has shifted, with only a few scattered companies left to release their numbers before we transition to the August cycle. That means the next wave of 10-Q filings I’ll be studying over the next